DCM treasurers and lawyers are inserting Brexit-related risk clauses into their additional tier one and bank capital bonds to protect them from a no-deal scenario
An EU clearinghouse says that Brexit will create an uneven playing field for CCP resolution as the BoE has not ruled out public funding in the case of a default
A leading clearinghouse strongly disagrees with initial margin haircutting under the CCP draft recovery and resolution regime as it leads to a conflict of interest, while banks believe it’ll leave them out of the money
